See our Outsourcing Provider Directory here

Cybersecurity Risks and the Evolution of the Threat Landscape

The cybersecurity landscape is constantly evolving, with new threats and vulnerabilities emerging every day the fundamentally change cybersecurity risk. As a result, the cybersecurity industry is continually adapting to keep up with these trends and provide effective solutions to mitigate cybersecurity risks. Here are some key trends in cybersecurity that are likely to continue in the coming years:

Cybersecurity Risks

  1. Increased Use of Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are being increasingly used in cybersecurity to help identify and respond to threats of cybersecurity risks more quickly and accurately. This includes using AI and ML algorithms to detect anomalies in network traffic, identify patterns in cyber-attacks, and automate incident response to address cybersecurity risks.

  2. Growing Emphasis on Zero Trust Architecture: Zero Trust Architecture (ZTA) is an approach to cybersecurity that assumes no one and nothing is automatically trusted within a network. This approach emphasizes continuous authentication and authorization, and access controls that limit the privileges of users and devices and can reduce cybersecurity risks. ZTA is becoming more popular as a way to improve security in a world of remote work and cloud computing.

  3. Increase in Ransomware and Supply Chain Attacks: Ransomware and supply chain attacks are becoming more common and more sophisticated. Ransomware is a type of malware that encrypts files on a victim’s computer and demands payment in exchange for the decryption key. Supply chain attacks involve exploiting vulnerabilities in third-party software or services that are used by an organization. These attacks represent a clear cybersecurity risk and are challenging to detect and can have severe consequences.

  4. Focus on Cloud Security: With the increasing use of cloud computing, securing cloud environments is becoming more critical. Cloud security includes securing data, applications, and infrastructure in cloud environments, as well as implementing proper access controls, encryption, and compliance measures.

  5. Growing Need for Cybersecurity Talent: The demand for cybersecurity professionals is growing as the threat landscape becomes more complex. This includes roles such as security analysts, incident responders, threat intelligence analysts, and cybersecurity engineers. Companies may need to invest in training and development programs to build and retain cybersecurity talent.

  6. Increased Use of Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are being increasingly used in cybersecurity to help identify and respond to threats more quickly and accurately. This includes using AI and ML algorithms to detect anomalies in network traffic, identify patterns in cyber-attacks, and automate incident response to improve cybersecurity risks.  A checklist is provided here. 

  7. Increase in Ransomware and Supply Chain Attacks: Ransomware and supply chain attacks are becoming more common and more sophisticated. Ransomware is a type of malware that encrypts files on a victim’s computer and demands payment in exchange for the decryption key. Supply chain attacks involve exploiting vulnerabilities in third-party software or services that are used by an organization. These attacks are challenging to detect and can have severe consequences.

  8. Focus on Cloud Security: With the increasing use of cloud computing, securing cloud environments is becoming more critical. Cloud security includes securing data, applications, and infrastructure in cloud environments, as well as implementing proper access controls, encryption, and compliance measures.

  9. Growing Need for Cybersecurity Talent: The demand for cybersecurity professionals is growing as the threat landscape becomes more complex. This includes roles such as security analysts, incident responders, threat intelligence analysts, and cybersecurity engineers. Companies may need to invest in training and development programs to build and retain cybersecurity talent.

These are just a few of the trends in cybersecurity that are likely to continue in the coming years. As new threats and technologies emerge, the cybersecurity industry will continue to evolve to address them.  These threats and issues are further discussed in my report on Cybersecurity Issues for Boards

 

About the Author: Ben Trowbridge is an accomplished Outsourcing Consultant with extensive experience in outsourcing and managed services. As a former EY Partner and CEO of Alsbridge, he built successful practices in Transformational Outsourcing, Managed services provider, strategic sourcing, BPO, Cybersecurity Managed Services, and IT Outsourcing. Throughout his career, Ben has advised a broad range of clients on outsourcing and global business services strategy and transactions. As the current CEO of the Outsourcing Center, he provides invaluable insights and guidance to buyers and managed services executives. Contact him at [email protected].

Get 3 Free Quotes Logo

  • Save 70%
  • Unrivaled expertise
  • Verified leading firms
  • Transparent, safe, secure

Get Started

Small Teams Call Logo

Start your Outsourcing Journey in 15 seconds.

Get Started

Enterprise & Large
Teams Call
Logo

Explore with an Enterprise Expert

  • Independent
  • Trusted
  • Transparent
Outsourcing

Dive into “Outsourcing”

A Guide to … Selecting the Correct Business Unit … Negotiating the Contract … Maintaining Control of the Process

Order now

Outsourcing Articles

Start your
outsourcing
journey here

"*" indicates required fields

Start your outsourcing journey.

Book a call with an outsourcing expert now

✓ Valid number ✕ Invalid number
This field is for validation purposes and should be left unchanged.

"*" indicates required fields

This guide will walk you through some areas most important when outsourcing, such as
  • Identifying Your Outsourcing Needs Intelligently
  • Research & Selection
  • The Bidding Process
  • Contracts & Agreements
  • Implementation & Onboarding
  • Ongoing Management
  • Evaluating Success
  • Additional Resources

Book a call with an outsourcing expert now

✓ Valid number ✕ Invalid number
This field is for validation purposes and should be left unchanged.

"*" indicates required fields

Become an OC Partner
✓ Valid number ✕ Invalid number
This field is for validation purposes and should be left unchanged.

"*" indicates required fields

Media Inquiries for OC
✓ Valid number ✕ Invalid number
This field is for validation purposes and should be left unchanged.

"*" indicates required fields

Subscribe to our Newsletter
✓ Valid number ✕ Invalid number
This field is for validation purposes and should be left unchanged.

"*" indicates required fields

Submit Press Release
✓ Valid number ✕ Invalid number
This field is for validation purposes and should be left unchanged.

"*" indicates required fields

Submit an Article
✓ Valid number ✕ Invalid number
Accepted file types: pdf, doc, docx, Max. file size: 8 MB.
This field is for validation purposes and should be left unchanged.

"*" indicates required fields

Invite Ben as Keynote Speaker
✓ Valid number ✕ Invalid number
This field is for validation purposes and should be left unchanged.

Go to standard quote

Exclusive Enterprise Assistance

  • Independent
  • Trusted
  • Transparent

Offshore staffing solutions for enterprise. Independent expertise, advice & implementation

  • 200+ Firms, Global Reach
  • Offshore, Nearshore, Onshore, Rightshore
  • Managed Request for Proposal (RFP)
  • Assisted Procurement Processes
  • Vendor Management
  • Unique Build Operate Transfer model
  • Captive & Shared Services
  • Champion-Challenger
  • Multi-site, multi-vendor, multi-source
  • Managed Solutions

For Enterprise and large teams only

  • Book 20-minute consult, obligation free

You will get:

  • Needs Analysis & Report
  • Salary Guidance & Indicative Pricing
  • Process Map

Only takes 1 minute to complete the form

Get Started

Not an enterprise?

Go to standard quote